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View Full Version : Appeals Court Throws Out $1.27B Fraud Penalty Against Bank of America Mortgage Unit -



FraudNews
05-24-2016, 08:29 PM
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JURIST (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHCkstLSqPvzWoHPDUf9H6ldx5qSA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779117559496&ei=wrlEV4igLNTr3QHG7qUI&url=http://www.jurist.org/paperchase/2016/05/federal-appeals-court-rules-bank-of-america-not-liable-for-fraud.php)


Appeals Court Throws Out $1.27B Fraud Penalty Against Bank of America Mortgage Unit (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEjEm9Nu-9sBHe9YEzaZqtGlO1ygg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779117559496&ei=wrlEV4igLNTr3QHG7qUI&url=http://www.insurancejournal.com/news/national/2016/05/24/409717.htm)
Insurance Journal
A U.S. appeals court on Monday threw out a jury's finding that Bank of America Corp. was liable for mortgage fraud leading up to the 2008 financial crisis, voiding a $1.27 billion penalty and dealing the U.S. Department of Justice a major setback. The ...
Federal appeals court rules Bank of America not liable for fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHCkstLSqPvzWoHPDUf9H6ldx5qSA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779117559496&ei=wrlEV4igLNTr3QHG7qUI&url=http://www.jurist.org/paperchase/2016/05/federal-appeals-court-rules-bank-of-america-not-liable-for-fraud.php)JURIST
The legal technicality that let BofA skate on an alleged billion-dollar mortgage fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGuO4BIUApyEtFBDwlVbKyAjCDlsg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779117559496&ei=wrlEV4igLNTr3QHG7qUI&url=http://www.latimes.com/business/hiltzik/la-fi-hiltzik-bofa-mortgage-billions-20160524-snap-story.html)Los Angeles Times
Appeals court reverses fraud finding against Bank of America (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGpuuzf8FA0XgAqkDrNr7E4sScPxw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779117559496&ei=wrlEV4igLNTr3QHG7qUI&url=http://www.columbiatribune.com/business/appeals-court-reverses-fraud-finding-against-bank-of-america/article_f8a3c527-e134-5689-8ad9-f21eb935f1d1.html)Columbia Daily Tribune
ThinkProgress (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHjiUdtkbyV1FUiekw56Ihrxi5zaA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779117559496&ei=wrlEV4igLNTr3QHG7qUI&url=http://thinkprogress.org/economy/2016/05/24/3781364/hustle-verdict-voided-wall-street-prosecutions/)
all 20 news articles » (http://news.google.co.za/news/more?ncl=dZrcShTB5TQ0JxMJRFKNlS-M-4I9M&authuser=0&ned=en_za)





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